"This resulted in a decrease in the vacancy rate of 1.5% to anoverall (vacancy rate) of 16.2%," according to the report. "TheSoutheast market's absorption, while not as significant as in thesecond half of 2004, continued to improve with over 125,000 sf ofabsorption, reducing the vacancy rate to 21%."
However, not all markets could boast positive absorption. Fullernotes that Aurora is showing negative absorption of 60,000 sf andthe Colorado Boulevard market negative absorption of 70,000 sf.
Still, "the Denver area had an impressive 1.1 million sf ofpositive net absorption during the first half of 2005," accordingto Fuller. "This healthy activity lowered the overall vacancy rateto 18.2%, including sublease space."
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